HomeMy WebLinkAbout2759 To place and coroinuously kcep on the bu1!d~ng~ now o~ hcresfter ~it~ate on sa~d land and on all equipmen~ and pe~wnal~y coveres! by this mortg-
ege, w~th all premivms lhereOn pd~d ~n full, fire insu~ance ~n ihe ~tiu~l sta~xlard pa!icy form, in a sum ap{uored by the MORiGAGEE, and winditwm I
inavrinp in fhe uswl ~undard poGty iorm, in a aum spproved by the MORTGAGEE, in ~uth company w tompanies ai 1M MORTGAGEE may i
dircctj and all tire and. w~ndsturm insurance pol~cias on any of said buitd~ngs, any interest therei~ o~ pa~t thereof, in the sgyfeg~~e ium aforesaid a
in excNS thereof, s1aN conrrin ths usual standard mortgagre clau~e w such o+hs~ da~se as ~he Mw~qagee msy ~equn~, mak~n9 the foss unda ia~d po1F ,
ues, e~ch and evNy, payab~e ro said MORTGAGEE as iti in~e~rsl may appear, and each and eve~y sueh po!icy ih;;ll be promptly asi g~~ed a~d de~~~ered ~o
eny held by ssid MOR(GAGEE as furthar security to s~id monya~e debt, and, not lest thao teo (10) dayi in advance oi 1he expi~alan of each policy. Io de-
I;~sr to said MORTGAGEE a re~xwal lheieof, togethsr with a receip~ iw the prem~um of sych renewal; a~d ~hero ~hail M ra fra or windsto~m inwrance
placed on any of said buildiny~, any in~erest tl+ere~n or pan thereo(, unless in the (orm and with the lou payable as aforessid; a~d in the evenl any sum
~f m~y Mre~mns ~yablw undwr surh {~ol~ey or t~olicies said MORTGAGEE ~hall have the oplion lo recaive and apply the same on attounl Of 1he indabted~
ness secu~ed hereby a ro permit seid MORTGAGORS lo reccive and use it a e~y pa.t thrreof for other pu~poses, w~tho~t thareb~ wai~~ng or ~cnpair- ~
ing any equity, lien w right under a by virtue of this mo:•yaga; and in 1he evenl sa:d MORTGAGORS shall for any reason fail to keep the said premises w
msur~d, pr fail fo deliver promptly aoy o( said pol~cies of insurance lo sa~d MORTGAGEE, or (ait promptly to pay fuily any premium theralor or {n a~y ~
respect (ail ro per(orm, d~scha~ge, execute, effect, complete, canply wi~h snd ab~de by ~h~s covenen~, or any part hareof, said MORiGAGEE may piaca a~d
pay (o~ ~uch Insurante w any parl therco( wi+hout waivin9 ot aitetting any opti~, lien, eqwty, w righl under p by virtue of this klwtgage. •nd tht
iull amou~t of each and every such paymero shalt be immediately due and payable arx! shatl bear interesl irem tho dafe lhereof wvil paid at the rate o1 + ' ~
.~Ine pet centum per annum and to~ether with such intr~cse sha~i tx sacured by the iien o( th~t mortgage.
1. To permit, commit or sufier rto waste, impair~xnt w de~er;oration of seid property w any part thereof.
5. To pay all and singular the costs, charges and exFxnses, includ~ng s reasonable attorney'a (ee and costs of abstracts of title, incurred or paid at
~ny time by uid AICRIGAGEf, becavse w in the event of the fa~lure on the pa~~ of ~he said MORTGAGOR ro duly, promp~ly and f~lly perform, d~stharge,
execute, eifect, canplete, comply wnh and ab:de by each and every the st~pi,lat~ans, agreameros, cond~~ions, and covenanq of sa~d F~orriissory note and th~s
--.ortgage any or either, and sa~d costs, chargef artd expenses, each and every, shall be immrdiately due and payabls; whether w not there be notice de~
m.~nd, attempt to cotlect w suit pend~ng; arxl the full amount of e~ch and cvery such payn~ent shatl bea~ interes~ from the date thereof until paid at the
.
oi nine pe~ cenrum per an~wm; anc: a11 sa~d cosrs, charges and a¦~xnsra int~rred cr paid, together w~lh such interest, shall be saured by the lien of thi~ `
mortgags. ~
6. Thet (a) in the event of any breach of this Mo+tgagc or default on tF~ parl oi the MORTG~IGOR, or ib) in the evenf any of said sums of money
t ere~n referred ~o be not promRfly and fully paid within Ihury (30) days next after ~he same sevaa:ty Ixcome due and payable, without demand w ~otice, I
:r !c) in the event each and eve~y the stiputations, agrermente, co~d~fions and covenants of sa:d promissory ~ote and th~s mortgage any or either are nol ~
l~l~, prompdy a~d lulfy per(urmed, d~scharged, ezecuted, efFeaed, canNletcd, compl~ed w~th and ab~ded ~iy, then +n either or any such evant the sa~d sg- ~
_~cgate wm mentioned in sa~d pron~issory nute then remaining u~pa;d, with iroere>t accrued, and all moneys setured hereby, shall becwne due and pay-
a~ e forthwilb, w theroafter, at the oprion oF said MORiGAGEE, as fut~y and comp:etcly as if afl of the said sums of money were originslly sfipulated t
he pa;d on such day, anytfiing in sa.d prom~ssory nere or in this h\atgage to the conirary nolwithstanding; and thereupo~ w thereafter at the option of ~
s•.d MORTGAGEE, without noeice or de~nand, suit at law w in eqwty, therefo+e or thercafre~ begun, may be prosecuted,as if all moneys secv~ed l~ereby
r.:d rnatur@d pt~Of t0 ~it inilitut,p(f. _
7. Thal in the eve~t that at the beginning of or at any time prrtding any suit upon this Mortgage, or to foreclose i?, or to ~eform it, o? to enforts
•~ent of any c~aims he~eunder, syid MOR7Gi.GEE-sfiail appiy to the Co~rt hanr.g ju~~sdttion fhereol IOr the sppointmeM of a Receiver, such Court shall
i`•~r,..irh appo~nt a receiver of s~Ed mortoa~ed ~ro;~e~ty aEl a~d singular, in,iud.nq aU and singular the income, profits, issues and revenves from whatever 3
~+r~:ved, each and every o6 :Yh:ch, r! e,•~:ng exprass`y undersrevd, is he•=by m_c!g:ged as if s~:fically se! fcrth a~ deauibed in the gransing and
h~!,_~+~dum c'auses herrof, and such Rece~ver shali have a11 the broad and ef(ecr;ve lur,u ons and powers in anywise entrusted by a Court to a Receiver, and
s.;h acpointment shall Fx made by such Cowt as an admitted equ~ty and a rtarsc•r of absolute ri9ht ro said MORTGAGEE, and without referente to the
ac:c,,,,,cy or ~nadequacy of the va:ue oi the properry mor.gaged or to ihe so;vency or ~nsotvency of said MORiGAGOR or the de(endants, and that svch
~s, pro4its, income, issues and revenues shatl be appiied by such Receiver accord~~:y to the litn or equi?y of aai43••MORTGAGEE and ~he praUice of suth .
CeurT.
Q. To duty, prompNy and iuily perform, dis;harge, execute, effect, complete, cori~piy with and abide by each and every the sfipufations, agreemenls,
,-•^dir~ens and covenants in sa~d promissory rtote aad th~s mortgage set forth.
9. That in rhe evA~t the owne.ship of ihe morrgag_ai premises, or any pa•t thereof, becomea vested in a person other than the MORTGAGOR, the i
:_`R!GAGEE, its successors and assigns, rnay, wi:hout noi~cc to the N,CRTGAOR, deal w~~h wch successor or successo? in iMerest wnh reference to this ~
~goyc q~~u ii~e ii~ut I:~•~cuy sriurcri iu li~r aemr mannrr aa w~i~~ iiwiiyoyur wiif:uvt in a~~y way viiialiny ur tfixissryi~~y if~e riwrigagori ~isoiiily ~ero- 1
d_•r or upon the debt hereby secured. Ao sa~e of tl~e Fremisef herrby mo~tgaged and no forbraranee an tF~e part ot Ihe rAOR1GAGEE w its successws
cr ess~gns and no extension of the time fo. the payrnent of the deht hereby secured given by the MORTGAGEE or ns su:cesswa or assigns, ahaU operafe
+o ~r easr, d:scharge, modiFy change or affect the crig~na! liab:;try of ~he ~',ORTGAGOR he~ein, either in whola w in psrt.
10. II is spec~f~cally agreed that li~ne is of the essence of ~t:is contra:t and that no waiver of any obt~gation hereunder or of the obligaYan se-
c.;~ed hereby shali af any time thereaEter be heid to be a waiver of the !erms hereof or oF the instr~rnent secured he~by.
I1. In acid:uc~ to the furego ng lnon~h!y pdy r,_~ntS of p~~nc pat and ~nterest r~qu::ed by the prom~ssory note sec~red hereby, mortgagor tovenants
; a3rces ro pay ro m.crtg~gee n~rh each monrhfy pa,~:lent a~ acid~~~onji sum :st~~„ared b~ mortgagee to be eq~al to i/12 of the annual cost of the follow-
A-All reat propcrty taxes iei~:d or assess_~d ag3i~s~ ~he abova d~scnbrd real es+ate_
6-Pr.~niums on fire and w;ndstorm ;rtsurar.ce as herein requ:red to b^ carr~ed on th~ improveme~ts s+tuate on the above described premises.
t-Premivms on such marigaye guaranty icsura~,ce as mortgagee ahail (rcm t:me to time deem fit to carry o~ the loan secured hereby.
Mortgagee snai~ ~rcm t~me to t~me notify mortgagcr m v;r;ting of !he arrount d~e and payable hereunder and such s~rn shall thereupon be due and
i .:b;e on the due ciate of ~h? next month!y pay:nen~ and each successrve mor.th thereafter ur,til mortgagee shall not~fy mortgagor of a change in such
S~ch sums s~a:l be appi~ed by morrga?~e ~o„ard ~he payment of real property taYes, insurance prem:ums, a~id mo~tgage guaranty insurance
f ; . .~ms.
~ iN WITNESS Y~HEREOF, the sa~d A10RTGAGOR has hereunto set his hand and seal t`~e day and year first afore~ f> ~
~i ~
Signed, Sealed and delivered in the presence of: F~~t~ ~~t ,~~C~~~E~' /
; ~/t~ ~an
; - ST.IUC~_ ;,~j;MTY FLA.
s ~ ~-is~_ ~~i,i.:: - iF:AS ~ (5ea4 ~
~ -f - , -
C~E~l. _:T ~OURT '
- af~~~~- _ ~an
~a0 -
J j~Mar zl 9 38 aN ~r5 ~
S :.TE OF FLORIDA
_'~UNTY OF St • Lucie ~ l1~R/~7VV~
' Wesley E. Prussing
Before me personatly appeared
_ ~Tar~! C: Pruessing his wife, to me well known and known to me to be
s ir~dividusls described in and who executed the fwegoing instrument, and ackrwwiedged before me that they executed the same for the p~rposes
~~e~n expressed. And tha said .~tarY C. Prussing
~ of the sa~d ~VQSley E. Prussing vpon a uparate and private
nano~ by me taken separate a~d apart from her said husband, atknovrledged to and befo:e me that she eaecuted said instrument freely and volurr
~ and w~thout any compulsion, constraint, apprefiension,t w~,,fe~ of or from her said husband.
~YITNESS my hand and offic:al sea! ;his_--_~<sL..~ day of A. D. 19~~
~
~ Notary Public in an or the,8tate of Fbrida et Large
~ My Commiuion e ires: /
~ Retum To:
~ ~;rst Federal Sa+ings 3 toan Associat~on NOTARY PI~^LlG. ST1t?E oi F1QRlDA at UlR6E
~ Of Fort P~erce- MY CC'!:.`~_.::.':.:; E:Pi"ES JAN. 7. 1971
~ For~ Vierce, Flerida bu~aw ey n~~.c~wan ~,u;.wcls IGSUl2pCS ~
~ i,.~~ ,tt.!'.~IK~ry~
V ft ~ ~ S "
This Instrument Prepared By Richard K. Kayes ~
First Federal Savings 8~ Loan Association
~ of Fort Pierce = ~
~ Florida _ : V : i
~ ~ ~ ~ :4~
' ° E.~~~~_ :
. ,
Checked By6_~ a ` ~
, J,. .,~V~..4 ~c~.:.
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